Participated · Series A · May 2022

Upflex offers a suite of SaaS solutions and a global marketplace that aggregates flexible workspaces and connects occupiers, brokerages and flex-space providers. The company is the sole aggregator of WeWork inventory following an exclusive partnership that expanded its network to more than 6,000 bookable locations across 80 countries and 900 cities, with 700+ other flex operator partners. Upflex’s data-driven platform provides employers and employees with booking, portfolio management and real-time usage data to optimize hybrid work, sustainability and costs. Founded in 2018, the company positions its technology as the backbone of the flex industry and a standard for hybrid workplace operations. Upflex plans to expand its software offering, recruit talent, and grow its network to 30,000 bookable workspaces by 2025. The company reported total funding to-date of $34.1 million following the new round. Upflex operates a global marketplace for flexible workspaces, giving companies on-demand access to private offices, desks, and meeting rooms by the day, week, month, or year. The platform emphasizes sustainability through a partnership with Trees.org and claims to plant a tree for every booked area; it has planted 10,000 trees thanks to its first 100 clients. Upflex positions itself as a cost-effective, sustainable alternative to large operators and targets medium and large companies looking to reduce real-estate commitments and carbon footprints while offering workplace choice to employees. The company was founded in 2017 by Christophe Garnier and Ginger Dhaliwal and is New York–based. In addition to its marketplace, Upflex recently hired Liassine Talbi, a former IWG Regus executive, as global sales lead. The company plans to expand its standard office options and meeting-room booking capabilities.

Led · Series B · Nov 2021

Fund That Flip operates a proprietary technology platform that connects investors with local real estate entrepreneurs, offering scalable capital and passive investment opportunities. The company positions itself as an end-to-end real estate investment operating system and plans to broaden its platform to support information and capital needs of local real estate entrepreneurs. The raise is intended to accelerate national expansion, further technological innovation for an underserved industry, and exploration of global opportunities. Fund That Flip has offices in New York City and Cleveland, Ohio, and says its platform has facilitated over $1 billion in real estate investments with a 99.1% return of principal. The company reports it is on pace to grow revenue 300% year-over-year, has doubled its customer base since 2020, and achieved profitability since the close of its Series A in August 2019. Fund That Flip is an online platform that provides short-term residential real estate debt for the fix-and-flip market. Led by CEO Matt Rodak, the fintech marketplace raises capital for residential rehab loans and offers passive wealth-generation opportunities for peer-to-peer lenders. The platform can provide funding in as few as seven business days and typically underwrites loans over an average of eight months, assessing loans based on the characteristics of the real estate. The company operates from New York City and Cleveland, OH. It plans to use new capital to expand sales and marketing, build an internal capital markets capability, and accelerate technology and product development. Fund That Flip is a New York City–based marketplace lender that brings short-term residential rehab lending online for experienced "rehabbers" and accredited investors. The platform speeds loan decisions, originates loans according to industry best practices, orders appraisals, and invites accredited investors to co-invest in projects. It targets rehabbers who do 3–20 projects per year and estimates an annual addressable market of roughly $60B in short-term loans. Investors on the platform can access projects targeting 10–14% annual returns and can begin investing with as little as $5,000. The company charges borrowers a 2–4% origination fee and a 1–2% loan servicing spread. Planned milestones for 2016 focus on ramping the team, implementing institutional lender processes, continuing technology development, and developing strategic partnerships.

Participated · Series B · Jul 2021

Pangaea Holdings builds and scales direct-to-consumer men’s personal care brands, launching skincare brand Lumin and grooming brand Meridian. The company has developed proprietary infrastructure—warehousing, payments and shipping—to operate as a holding platform for multiple brands. Products are sold in more than 70 countries and the business had reached seven-figure revenue at seed, with continued strong growth since. Pangaea employs more than 300 people across hubs in Los Angeles, Lagos, Singapore and Europe and is largely remote. The company is already cash flow positive and plans to expand into additional product categories, launch new brands, become an omnichannel “male megabrands” platform, and potentially license its software.

Participated · Equity · Dec 2020

FiscalNote delivers legislative and regulatory data, policy news and analysis, stakeholder management, collaboration and advocacy tools to customers worldwide. The company serves more than 4,000 clients, including the U.S. Centers for Disease Control and Prevention, the Federal Reserve Board, 3M, AstraZeneca and the American Hospital Association. Led by Founder & CEO Tim Hwang, FiscalNote operates offices in the US, Belgium, India and Korea. The product suite focuses on aggregating and analyzing regulatory and legislative information to help organizations manage policy risk and advocacy. FiscalNote intends to use recent financing to accelerate technology and service development, pursue strategic acquisitions, expand into new international markets and refinance existing debt. FiscalNote builds a platform for analyzing government risk, using proprietary code to parse millions of regulatory and legislative actions and generate actionable insights for investor, compliance, and legal professionals. Its product suite includes powerful legislative searching, tracking, and forecasting tools alongside federal and state regulatory data and analytics. The company offers a mobile application that lets users access and analyze every bill at every stage from all fifty states, D.C., and Congress. FiscalNote's customers include Southwest Airlines, Aetna, Lyft, the Democratic Governors Association, VMWare, Planned Parenthood, Allergan, the University of Virginia, and the Natural Resources Defense Council. The company emphasizes design and real-time analytics and says it aims to unlock legislative and regulatory data with best-in-class analytics, insights, and predictions. Financially, the company has raised multiple rounds and recently completed a financing that increased its total funding to over $30 million. Founded in 2013 by CEO Tim Hwang, FiscalNote provides legislative searching, tracking, and forecasting products built on artificial intelligence and design. Its flagship product is Prophecy, and the company said it will introduce a regulatory product called Sonar later this year. FiscalNote's product suite is used by customers including Uber, the Democratic and Republican Governors Associations, VMWare, Planned Parenthood, United Therapeutics, Allergan, Auction.com, and the Natural Resources Defense Council. In March 2015 FiscalNote raised $10M in a Series B funding round to support expansion into new markets. The company previously raised a $7M Series A in November 2014. FiscalNote provides the Prophecy platform, which applies artificial intelligence to real-time and historic legislative data and offers search and advanced notification functionality. The Prophecy platform was launched in early 2014. Customers include Planned Parenthood, New Balance, VMware, Natural Resource Defense Council, Ally Financial, Allergan, both the Republican and Democratic Governors Associations, and the University of Virginia School of Law. FiscalNote closed a $7M Series A led by Visionnaire Ventures with participation from AME Cloud Ventures, NEA, Green Visor Capital, Winklevoss Capital and angel investor Duke Chung. The company intends to use the funds to continue content expansion, increase engineering capacity to cover information domestically and globally, and grow its sales and marketing teams. FiscalNote was co-founded by CEO Tim Hwang, Jonathan Chen and Gerald Yao. FiscalNote aggregates legislative data posted to public sources to help businesses stay up-to-date with state and local legislation. It is developing the PoliticalGenome Project, which analyzes bill language and the histories of legislators to predict a bill's success. The nine-person startup uses machine learning and natural language processing and plans to boost its algorithm and expand its ML/NLP team. FiscalNote is conducting a closed beta with customers that include legal and marketing departments within Fortune 500 companies, national advocacy groups, and financial institutions. Founders include CEO Tim Hwang, CTO Jonathan C. Chen, and CFO Gerald Yao, and the advisory board includes Chris Lu, Youngsuk "Y.S." Chi, and LegalZoom CEO John Suh. The company intends to expand beyond legislation into other industries and geographies.

Led · Equity · Sep 2019

Spire Global, Inc. provides space-based data, analytics and space services with proprietary datasets for monitoring the maritime domain. The company supplies datasets intended for precise maritime monitoring and broader space services. Spire has partnered with Signal Ocean to combine Spire’s datasets with Signal Ocean’s AI, machine learning and natural language processing capabilities. The collaboration aims to accelerate digitalization of the maritime economy while enhancing global security and transparency in the oceans. In connection with the partnership, Spire completed a private placement that generated $10 million in gross proceeds from Signal Ocean’s purchase of Class A common stock. Spire Global builds and operates a low earth orbit (LEO) multi-payload nanosatellite constellation that collects and analyzes a wide variety of signals. The company operates more than 100 satellites and 17 ground stations globally and manufactures nanosatellites in Glasgow, Scotland. Its core capabilities include RF signal detection and geolocation, with particular focus on L-Band SATCOM signals. Spire will demonstrate geolocation of RF signals emitted near the Earth’s surface and investigate additional geolocation techniques using its nanosatellites. The company targets government entities that require monitoring of RF activity for unauthorized use, interference, or manipulation. Company leaders frame the work as leveraging Spire’s signal-detection expertise to support defense and civil space activities. Spire Global sources hard-to-acquire Earth data via a multi-purpose satellite constellation and sells that data as subscription-based datasets and predictive solutions to commercial and government customers. The company enriches satellite-sourced data into geospatial analytics to help organizations improve operations, decrease environmental footprint, deploy resources for growth, and mitigate risk. Spire plans to accelerate the roll-out of intersatellite links to reduce data latency, a capability it says will be especially impactful for aviation customers. Financially, Spire signed a $70 million convertible term loan growth financing with Francisco Partners; the loan is subject to customary closing conditions, including payoff of existing debt, and includes a stock grant to Francisco Partners. Spire has announced plans to go public via a planned business combination with NavSight Holdings, Inc. The company maintains offices in San Francisco, Boulder, Washington DC, Glasgow, Luxembourg, and Singapore. Spire Global operates a proprietary nanosatellite constellation and global ground-station network to deliver near‑real‑time maritime, aviation and weather data and analytics. The company says it launched its 100th satellite and operates the world’s first commercial weather satellite constellation while owning the world’s second largest constellation of satellites and ground stations. Spire reports its constellation tripled global availability of precise atmospheric radio occultation measurements to improve weather prediction. Management said the business increasingly funds organic growth from revenue, and that the new capital will enable further international expansion—particularly across APAC—and enhanced extreme-weather prediction analytics. The investment will be used to increase production of Spire’s space-based data and proprietary analytics and to scale product, sales, and marketing worldwide. Spire also highlighted strategic partnerships with NASA, ESA and Amazon as part of its product and go‑to‑market strategy. Spire Global builds and sells space-based data and analytics services aimed at logistics, weather, and IoT markets. The company emphasizes a combination of next-generation space technology and software analytics. It is expanding its global footprint by opening a full-service European headquarters in Luxembourg. Spire says the new office and funding will increase access to global talent to support scaling. Recent hires include a new CFO, Bryan LeBlanc, and a Global Head of Talent, Campbell Fitch, to support growth. The company is pursuing growth through both talent recruitment and geographic expansion into the Luxembourg ecosystem.